The Atlanta Board of Realtors just published their monthly Market Brief. It covers an eleven county area so obviously a very, very broad view of the market… but some interesting trends to note nonetheless. Net-net: transactions down, prices up and a vanishing pool of foreclosures. Summary of findings below, the full report behind this hyperlink.
Single family residential sales in Metro Atlanta totaled 3,522 in September 2013.
- Annually, this is a decrease of 2.8% compared to 3,625 total sales in September 2012.
- Monthly, this is a decrease of 17.5% compared to 4,268 total sales in August 2013.
The Median sales price for September 2013 was $189,000.
- Annually, this is an increase of 35.0% from the median sales price of $140,000 in September 2012.
- Monthly, median prices decreased 7.4% in comparison to August 2013.
Bank-owned sales in September 2013 remained level at 2%, down from 13% of total sales in September 2012.
For trends specific to your particular sub-market, contact me directly.